Spie

Governance

Through its corporate governance, SPIE seeks to systematically apply the principles of transparency, risk prevention and management and definition of responsibilities, which are among the Group's core values.

SPIE's statutes provide for a number of committees with specific roles:

• The General Management Committee, which is composed of the General Managers of the Group's subsidiaries, together with the Human Resources Director, the Chief Financial Officer and the Strategy and Development Director.
• The Executive Directors Committee, which oversees the implementation of the Group's strategy, financial policy, risk prevention and management efforts, and human resources policies.
• The Acquisitions and Disposals Committee, which examines planned acquisitions and disposals, and submits written recommendations to the SPIE Board of Directors concerning acquisition or divestment projects by member companies.
• The Risk Assessment Committee, which recommends the continuation or otherwise of projects that involve a specified degree of risk.
• The Ethics Committee, which monitors compliance with SPIE's guiding principles and business ethics.

In addition, the holding company, Financière SPIE, has also set up three committees:

• A Compensation Committee
• An Acquisitions Committee, for transactions above a specified threshold
• An Audit Committee

• Upholding our ethical commitments

  The Ethics Committee, comprising the CEO, the Human Resources Director and the Sustainable Development Director, meets periodically to analyse progress in the area of business ethics. The committee may decide on actions aimed at encouraging the adoption of the Group's guiding principles and improving the "ethics alert" system.